I've done this for years.
Saute 1/2 onion chopped and 1 green pepper chopped. Remove and put in a separate dish.Brown stew meat and set aside.
Mix (in the same pan )1 can beef consomme and 1 can tomato paste.
Add back meat and top with veggies. Simmer 1 to 1 1/2 hours.
serve over pasta or pasta substitute. Easy and inexpensive . Delish